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Jeong Sang-ho, CEO of Delio, in a Seoul courtroom during fraud trial proceedings

South Korea seeks 20-year sentence for Delio CEO in $169M crypto fraud case

May 7, 2026 Jackson Miller

South Korean prosecutors have requested a 20-year prison sentence for the CEO of crypto deposit service Delio, Jeong Sang-ho, accusing him of orchestrating a $169 million fraud that left nearly 2,800 investors unable to access their funds. The request was made during closing arguments at the Seoul Southern District Court on Thursday, under the Act […]